Post Content
Exxon Mobil Corporation (NYSE:XOM) is included among the 12 Most Undervalued Natural Gas Stocks to Buy Now.
Exxon Mobil Corporation (NYSE:XOM) is one of the largest integrated fuels, lubricants, and chemical companies in the world.
On April 10, TD Cowen lowered its price target on Exxon Mobil Corporation (NYSE:XOM) from $175 to $172, but maintained its ‘Buy’ rating on the shares. The trimmed target still indicates an upside of over 20% from the current price level.
The move comes after TD Cowen revised its estimates, noting that the upstream realizations and downstream margins both fell below forecasts. Moreover, Exxon’s guidance implies that all its production in the Middle East has been impacted by the war.
Exxon Mobil Corporation (NYSE:XOM) revealed on April 8 that it expects the Middle East conflict to reduce its Q1 production by 6% compared to the previous quarter, when it reported 5 million boe/day of output. The company’s upstream assets in Qatar and the United Arab Emirates, which accounted for approximately 20% of its total global oil production last year, have been impacted by the disruptions amid the war.
While we acknowledge the potential of XOM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 14 Best Energy Infrastructure Stocks to Buy Now and 15 Best Blue Chip Stocks to Buy Now.
Disclosure: None. Follow Insider Monkey on Google News.